A friend could buy a bike in their name and insure somebody else as a named rider. However... the named rider cannot be the main rider and if there is an insurance claim the insurers would investigate who mostly uses the bike. They call it "fronting" and it invalidates the insurance. Invalid insurance has a number of implications in the UK, one being that the bike is seized by the police and impounded, and you have to buy a special and very expensive policy to release it. Another is that it's an offence carrying a big fine and 6 points for both rider and owner. Last but not least the owner would have to declare to any future insurer that they had had a policy cancelled, making getting future insurance impossible or at least very expensive.
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